Insurance Australia Group Ltd is said to be thinking of making an offer for the insurance arm of Wesfarmers, according to sources interviewed by Bloomberg.
Sectors
US government agencies' big data service provider Palantir to land USD58 million in funding
A US SEC filing by big data company Palantir revealed that it was set to do a USD57.5 million fundraising three months after it had raised USD195.5 million in an earlier funding round.
KFC venture capital fund to back startups in India -Mani
Finance Minister K.M. Mani said on Thursday the Kerala Financial Corporation (KFC) is launching a venture capital fund to back startups in the state of Kerala in India.
Kazarian calls for alternative accounting to enable Greece's return to debt markets
Paul Kazarian, founder of Japonica Partners & Co and known for his purchase of Greek bonds, told Bloomberg in an interview that Greece needs to adopt corporate accounting practices if it is to return to the debt markets.
China WindPower secures USD81 million funding from China Development Bank
China Development Bank Corp. has committed CNY490 million (USD81 million) to clean-energy operator China WindPower Group's solar farm projects in two Chinese provinces. CDB has provided a total of CNY1.23 billion to China WindPower's previous projects.
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Total, Europe's third-biggest oil company, will purchase a 61.3% stake in InterOil Corp.'s liquified natural gas project in Papua New Guinea. The acquisition deal is worth USD3.6 billion.
San Francisco-based recruiting startup getTalent's founder Abraham Shafi told TechCrunch that his company was just acquired by job website Dice, but financial terms of the said deal were not disclosed.
The potential growth of credit-card payment processing services in Japan saw Twitter Inc. co-founder Jack Dorsey's Square Inc and SoftBank Corp's venture PayPal Here battling for a sizeable market share in the niche business.
Private equity firms in Europe have chosen initial public offerings as the way to exit their investments as the markets have become open, according to a report from the Financial News website.
Vale SA, the world's largest iron-ore producer is considering to sell its holdings in its coal and fertilizer divisions. The Brazilian mining giant is also looking to sell its stake in a steel-slab plant constructed with Germany's ThyssenKrupp AG.
Multinational conglomerate General Electric Co. intends to proceed with its project to construct a manufacturing site near a port in Rio de Janeiro. The port is being built by LLX Logistica, which was formerly run by Brazilian petroleum titan Eike Batista.
International law firm Willkie Farr & Gallagher said private equity lawyer Kirk A. Radke will be joining their Private Equity Practice Group. Radke is known as one of the top private equity attorneys in the country.
Switzerland-based food group Nestle SA is divesting its Givaudan SA shares worth USD1.27 billion to institutional investors, according to a statement on the company's website.
Experts say there is a possibility that London-based hedge funds may be pushed away from the UK after the government said it would be conducting a clampdown on corporate partnerships.
